Republic Acts1 min read
Section 84National Internal Revenue Code of 1997 (Republic Act No. 8424), Sec. 84
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Rates of Estate Tax. There shall be levied, assessed, collected and paid upon the transfer of the net estate as determined in accordance with Sections 85 and 86 of every decedent, whether resident or nonresident of the Philippines, a tax based on the value of such net estate, as computed in accordance with the following schedule:
If the net estate is:
OverBut Not OverThe Tax shall bePlusOf the Excess Over
P 200,000Exempt
P 200,000550,00005% P 200,000
500,0002,000,000P 15,0008% 500,000
2,000,0005,000,000135,00011% 2,000,000
5,000,00010,000,000465,00015% 5,000,000
10,000,000And Over1,215,00020% 10,000,000
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